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Subject:  Malls - life beyond retail Date:  2/9/2013  1:52 PM
Author:  MisterFungi Number:  73648 of 84500

Financial Times
February 8, 2013 2:05 pm
America’s malls seek a life beyond retail
By Barney Jopson in New York

<< ...If the US is destined to lose more shops, mall owners need to get more creative in their hunt for tenants, says Michael Niemira, chief economist at the International Council of Shopping Centers.

Cinemas are already emerging as anchor tenants; a college has taken space on the fourth floor of Indianapolis’s Circle Center; and even government offices could make sense. “It all depends on knowing the area,” he says.

Healthcare is another fast-growing part of the economy that could fill up vacant space – and a clinic could conceivably revive the lifeless shell of Danbury’s former Borders. >>
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